IRB Brasil Resseguros (BSP:IRBR3) Momentum Rank

: 8 (As of Today)

View and export this data going back to 2017. Start your Free Trial

IRB Brasil Resseguros has the Momentum Rank of 8.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison

For the Insurance - Reinsurance subindustry, IRB Brasil Resseguros's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

IRB Brasil Resseguros Momentum Rank Distribution

For the Insurance industry and Financial Services sector, IRB Brasil Resseguros's Momentum Rank distribution charts can be found below:

* The bar in red indicates where IRB Brasil Resseguros's Momentum Rank falls into.

IRB Brasil Resseguros Momentum Rank Related Terms

Thank you for viewing the detailed overview of IRB Brasil Resseguros's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

IRB Brasil Resseguros (BSP:IRBR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » IRB Brasil Resseguros SA (BSP:IRBR3) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Marechal Camara, 171-Castelo, Rio de Janeiro, RJ, BRA, 20020901

Website

https://www.irbre.com

IRB Brasil Resseguros SA is a Brazil-based company provides reinsurance solutions. It offers reinsurance solutions for aviation, engineering, surety, financial, oil and gas, property, casualty, agricultural, cargo and marine, life and pension, and miscellaneous. The group offers solutions in both Brazil and international regions.

IRB Brasil Resseguros (BSP:IRBR3) Headlines

No Headlines